Is North Vernon, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, North Vernon has remained a Seller's Market.
Housing Prices in North Vernon, IN
How much do homes in North Vernon, IN cost?
Median Sold Price
$176,000
$125/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in North Vernon was $176,000 in April 2024, up 7.3% from last year, and the median price per square foot was $125.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $30K | $83.5K | +178.3% |
2 Bedrooms | $105K | $125K | +19.0% |
3 Bedrooms | $177.4K | $195K | +9.9% |
4 Bedrooms | $193K | $190K | -1.6% |
5+ Bedrooms | - | $319.2K | N/A |
Summary: North Vernon housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 178.3%, 2 bedroom homes increased by 19%, 3 bedroom homes increased by 9.9%, 4 bedroom homes decreased by 1.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
North Vernon | $164K | $176K | +7.3% |
Center Township | $164K | $175K | +6.7% |
Housing Supply in North Vernon, IN
How many homes are available in North Vernon, IN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
52 | 53 | +1.9% |
Summary: The North Vernon real estate market had 53 homes for sale in April 2024, a 1.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 10 | 11 | +10.0% |
3 Bedrooms | 31 | 33 | +6.5% |
4 Bedrooms | 10 | 8 | -20.0% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The North Vernon housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 6.5%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
10 | 15 | +50.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in North Vernon in April 2024, up by 50.0% month-over-month. Of the 15 sold homes, 80% were sold under asking, 7% were sold at asking, and 13% were sold over asking.
Days on Market for North Vernon, IN
How long does it take to sell a home in North Vernon, IN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
77 Days | 40 Days | -47.4% |
Summary: Homes in North Vernon had an average of 40 days on market in Apr 2024, down by 47.4% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 15 homes were sold in North Vernon; 67% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.